Wells Fargo team with $240 million in assets goes indie with LPL

Wells Fargo team with $240 million in assets goes indie with LPL
Bruce Pienton and Scott O’Mara launch Bridgewright Wealth Partners in Grand Rapids, Michigan.
MAY 22, 2023

A team of advisors that oversaw $240 million in client assets at Wells Fargo Advisors has affiliated with LPL Strategic Wealth Services, LPL’s breakaway solution, the firm announced Monday.

Bruce Pienton and Scott O’Mara are launching Bridgewright Wealth Partners in Grand Rapids, Michigan. They’re joined in the move by Bradley Day, their director of client relations. 

Pienton has 39 years of experience, according to his BrokerCheck report, and had been affiliated with Wells Fargo since 1999. O’Mara has 11 years of experience and joined Wells Fargo in 2020.

According to a statement, Pienton and O’Mara interviewed more than a dozen firms before deciding on LPL.

Latest News

Duo charged with posing as 49ers player, financial advisor to defraud women of $1.3M
Duo charged with posing as 49ers player, financial advisor to defraud women of $1.3M

Federal prosecutors say the scheme used fake investment accounts and a fictitious financial advisor to lure victims into romance-fueled fraud.

Convicted ex-Morgan Stanley broker ordered to pay firm $8.7 million
Convicted ex-Morgan Stanley broker ordered to pay firm $8.7 million

Morgan Stanley sought to claw back recruiting bonus money from Darryl Cohen.

Referrals aren’t luck: Why intentional COI strategy is the future of advisor growth
Referrals aren’t luck: Why intentional COI strategy is the future of advisor growth

Referrals from centers of influence may open the door, but the real key to success for advisors comes from clarity about their ideal clients and where they want to show up.

FiNet, Raymond James land California and Washington advisor teams
FiNet, Raymond James land California and Washington advisor teams

Three advisor groups overseeing more than $700M in combined client assets head to new firms.

Retirement crisis fears hit record high as debt and inflation squeeze Americans
Retirement crisis fears hit record high as debt and inflation squeeze Americans

New research finds most Americans fear a US retirement crisis, while skepticism grows toward AI financial advice and crypto in retirement plans.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income